The assets and liabilities of Amos Moving Services at March 31, 2014, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April 1, 2013, the beginning of the current year. Mr. Amos invested an additional $25,000 in the business during the year.
Prepare a statement of owner's equity for the current year ended March 31, 2014.
Definitions:
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, suggesting there is a significant difference or effect.
Null Hypothesis
A statistical hypothesis that assumes no significant difference or effect in a given set of observations, used as a starting point for statistical testing against the alternative hypothesis.
Alternative Hypothesis
A statement that suggests a possible difference or effect, typically to be tested against a null hypothesis in statistical analysis.
Null Hypothesis
In statistics, a hypothesis that posits no effect or no difference, and the assumption that any deviations from this are due to chance.
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